The United Kingdom is set to implement a transformative measure in its strategy against ransomware attacks, instituting a formal prohibition on ransom payments. This regulation will primarily affect public and critical infrastructure sectors, including essential entities such as educational institutions, transportation systems, hospitals (notably the NHS), and financial organizations including…
In a recent roundup of cybersecurity incidents impacting the digital asset space, several noteworthy developments have unfolded, from legal proceedings to regulatory changes and financial penalties. The U.S. criminal fraud trial of Do Kwon, co-founder of Terraform Labs, is scheduled to commence in January 2026. The case, stemming from the…
Rutherford County Schools Data Breach: An Examination of Cybersecurity Vulnerabilities In mid-December, the hacker group known as "Rhysida" surfaced on the dark web, advertising an auction that offered sensitive data stolen from Rutherford County Schools. The group initially sought a ransom of 20 Bitcoin, roughly equivalent to $2 million. When…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Do Hyeong Kwon Extradited to the U.S. for Alleged Multibillion-Dollar Investor Fraud Chris Riotta (@chrisriotta) • January 2, 2025 Do Hyeong Kwon in May 2022. (Image: FAQX / CC-BY) U.S. authorities have confirmed the extradition of Do Hyeong Kwon, co-founder and…
Ransomware: A Historical Overview and Its Evolution Ransomware, a malicious software category designed to deny access to a system or to seize data until a ransom is paid, has undergone significant transformation since its origins. Emerging from simple exploits in the 1980s, it has escalated into a widespread global menace,…
The challenge surrounding the recovery of ransom payments made to cybercriminals has become increasingly complex, particularly following the recent arrest of Rostislav Panev. Apprehended by Interpol in Israel, Panev is connected to the notorious LockBit ransomware group that has exploited numerous targets globally. Notably, the U.S. Department of Justice alleges…
KEY SUMMARY POINTS The Lazarus Group, a hacking entity with ties to North Korea, has redirected its focus toward the nuclear industry, an alarming escalation from its previous concentrations on sectors such as defense, aerospace, and cryptocurrency. This shift suggests that their operations are diversifying into more sensitive areas, with…
In recent developments within the cybersecurity landscape, a significant breach involving digital license plates has been uncovered, revealing vulnerabilities that could be exploited by malicious actors. Hackers have reportedly learned to “jailbreak” these license plates—devices that are legally issued in several states and recognized across the United States—allowing them to…
Explore the latest on Blockchain & Cryptocurrency, Cryptocurrency Fraud, and Fraud Management & Cybercrime. Australia Imposes AU$8 Million Fine on Kraken Exchange for Breaches Prajeet Nair (@prajeetspeaks) • December 12, 2024 Image: Shutterstock Information Security Media Group compiles a weekly summary of cybersecurity incidents in the digital asset space. This…
